China’s DeepRoute.ai Raises $300 Million From Alibaba, Others
The investment comes a month after another Chinese self-driving startup, Pony.ai, shelved plans to go public in the U.S. through a special purpose acquisition company.
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Recent Editions
Grab Cuts 2021 Forecasts as Southeast Asia Fights Covid Impact
Grab, which is planning to go public in the U.S. through a $40 billion SPAC merger, expects the pandemic to affect its business outlook.
Google Fined $177 Million by South Korea Antitrust Agency
Fine comes amidst South Korea crackdown against big tech companies.
Intuit to Acquire Email Marketing Firm Mailchimp for $12 Billion
Intuit is branching out into email marketing software by acquiring Mailchimp, a 20-year-old company that hasn't taken any outside funding.
Toast Sets Pricing Range on Upcoming IPO
The restaurant software payment service is seeking to raise as much as $717.4 million in an offering that could value the company at more than $18 billion.
Biden Nominates Privacy advocate Alvaro Bedoya FTC Commissioner Spot
FTC Currently working on a new set of privacy rules.
Private Tech Equities Trading Firm Forge Global To Go Public In SPAC Merger
Forge, an online marketplace for trading shares in private companies, is valued at $2 billion in the deal
China Tells Alibaba and Tencent to Break Down Their Walls
The government told China’s two most powerful tech companies to stop blocking each other’s web links on their platforms as part of a wider crackdown on the sector.
China Wants Ant Group to Create New Separate App for Loans
China's government has been taking steps to tighten its control over Ant's financial services as well as the vast troves of data its Alipay app collects.
Google Underpaid Some Temp Workers for Years
A New York Times story says Google feared bad optics when it discovered the pay error and decided not to correct it for all of its temporary staff
Stripe Exploring Going Public via Direct Listing in 2022
A Stripe public listing would be a major event whenever it occurs, given that Stripe's current valuation is around $160 billion
Apple Loses Key Point in Epic Ruling, But Avoids Worst Case Outcome
A judge's ruling in the Epic lawsuit will force Apple to let developers link to alternative payment systems on the web.
Nickelodeon Chief to Take Over Paramount Studio
The move comes as the movie industry is under major upheaval as more companies release movies onto their streaming services
Apollo Taps Former Tinder CEO To Run Yahoo
The hire of Jim Lanzone, a longtime head of digital at CBS, signals that Apollo understand the importance of media expertise to run Yahoo.
China’s Podcast App Ximalaya Drops U.S. IPO and Plans to List in Hong Kong
The audio and podcast and audio app company dropped plans to list in the U.S. under pressure from Chinese regulators.
Apple Fires Employee Who Complained About Working Conditions
The firing comes as Apple employees are increasingly airing their grievances in public through social media and the press.
SoftBank to Borrow $3.85 Billion Against T-Mobile Stake
The move could provide the tech investment company and its founder Masayoshi Son additional capital for more deals.
Apple Refuses to Let Epic Back into South Korean App Store
South Korea’s new law is so far the biggest threat to Apple and Google’s app stores
JPMorgan Chase Buys Foodie Site the Infatuation
The media company, best known for its restaurant recommendations and city food guides, had been seeking a sale in recent months.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy
